The commercial insurance industry, worth hundreds of billions, has long been entangled in outdated, paper-based processes and legacy systems. However, a shift towards digital transformation, driven by efficiency needs and advanced artificial intelligence (AI), is underway. Vishal Sankhla,
The insurance claims handling industry is facing one of its most challenging periods ever. The combination of skyrocketing building costs, prolonged rebuilding delays, and an overwhelming surge in claims is making it nearly impossible for insurers to predict final claim costs accurately. This
In today's digital age, where financial transactions happen in the blink of an eye, the threat of fraud looms larger than ever before, urging financial institutions to stay one step ahead to protect their customers and themselves. Behind the scenes of this high-stakes game, HPS, a global provider
The Open Worldwide Application Security Project (OWASP) has made a groundbreaking move by publishing its inaugural "Non-Human Identities (NHI) Top 10" list, aimed at identifying the primary security risks associated with non-human digital identities like service accounts, API keys, and machine
Philadelphia Insurance Companies (PHLY) are playing a crucial role in facilitating the transition to green energy among businesses. Their specialized environmental underwriting ensures that companies have the financial and risk management support they need to move away from fossil fuels toward more
The intricate and evolving landscape of travel insurance fraud presents a significant challenge to the insurance industry. With the frequent one-off nature of travel insurance purchases and the financial temptation of fraudulent claims, the sector remains particularly vulnerable. This vulnerability
The claims industry has experienced remarkable advancements over recent years, largely fueled by significant investments in both people and technology. Modernization efforts such as upgrading legacy systems, digitizing workflows, and enhancing career development opportunities have spurred forward
LexisNexis Risk Solutions has introduced LexisNexis Flyreel for Claims, an innovative AI-driven property claims inspection tool aimed at transforming the claims process for U.S. home insurance carriers. This new solution is designed to enhance the efficiency and accuracy of claims management,
Simon Glairy is a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. Can you briefly introduce yourselves and give us a background on your roles at Snapsheet and CrashBay? Could you provide a quick overview of what
In a notable demonstration of financial resilience and strategic expansion, Hamilton Insurance Group, a Bermuda-based re/insurer, achieved remarkable financial growth in FY 2024. Despite facing significant loss events, the company's disciplined underwriting and strategic initiatives led to robust
